Six steps. One asset.
Real ownership.
Ascension is built on a clean, transparent legal structure. Every yacht is its own LLC. Every member is an owner of record. Every dollar of revenue flows through a defined waterfall.
Acquire the Asset
Ascension sources a 50–80 ft luxury vessel — hand-selected from Azimut, Sunseeker, Princess or Ferretti — and acquires it under a single-purpose LLC formed for that yacht.
Form the Ownership Group
Equity is divided into shares and offered to a curated group of 6–12 vetted members. Each member becomes a true LLC equity holder.
Distribute Usage Points
Every yacht has a 1,000-point annual pool. Points are distributed pro-rata: a 10% owner receives 100 points.
Sail or Generate Income
Members enjoy ~30–40 days annually. Unused availability flows into the BYRBO charter marketplace, generating an estimated 30–50% offset against operating costs.
Distribute Net Profits
Charter revenue: 30% to BYRBO operations, 70% to the LLC. After expenses, net is distributed pro-rata.
Exit at Term
At year 3–5, the asset is sold and proceeds distributed by ownership %. Members may roll into the next vessel.
A flexible, dynamic usage system.
The 1,000-point pool reflects real demand. Off-season weekdays cost less; peak holidays cost more. This protects the asset's value, balances owner access, and creates real revenue from unused inventory.
From charter day to net distribution.
- 1Gross charter revenue collected by BYRBO
- 230% retained by BYRBO (operations, marketing, crew coordination)
- 370% deposited to the yacht LLC operating account
- 4Operating expenses paid (crew, dockage, fuel, maintenance)
- 5Net profit distributed quarterly to members pro-rata